DJP vs. PIT

Last updated Apr 1, 2026

Compare and contrast key facts about iPath Bloomberg Commodity Index Total Return ETN (DJP) and VanEck Commodity Strategy ETF (PIT).

DJP and PIT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DJP is a passively managed fund by Barclays Capital that tracks the performance of the Bloomberg Commodity Index. It was launched on Jun 6, 2006. PIT is an actively managed fund by VanEck. It was launched on Dec 20, 2022.

Performance

DJP vs. PIT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iPath Bloomberg Commodity Index Total Return ETN (DJP) and VanEck Commodity Strategy ETF (PIT). The values are adjusted to include any dividend payments, if applicable.

DJP vs. PIT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DJP iPath Bloomberg Commodity Index Total Return ETN	28.00%	17.20%	5.59%	-9.85%	1.29%
PIT VanEck Commodity Strategy ETF	37.04%	21.63%	6.77%	-4.54%	2.74%

Returns By Period

In the year-to-date period, DJP achieves a 28.00% return, which is significantly lower than PIT's 37.04% return.

DJP

• 1D: 0.08%
• 1M: 12.77%
• YTD: 28.00%
• 6M: 35.84%
• 1Y: 36.34%
• 3Y*: 15.08%
• 5Y*: 15.17%
• 10Y*: 8.53%

PIT

• 1D: -0.55%
• 1M: 18.54%
• YTD: 37.04%
• 6M: 43.92%
• 1Y: 54.67%
• 3Y*: 21.59%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DJP vs. PIT - Expense Ratio Comparison

DJP has a 0.70% expense ratio, which is higher than PIT's 0.55% expense ratio.

DJP

iPath Bloomberg Commodity Index Total Return ETN

PIT

VanEck Commodity Strategy ETF

Return for Risk

DJP vs. PIT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DJP

DJP Risk / Return Rank: 89
DJP Sharpe Ratio Rank: 89
DJP Sortino Ratio Rank: 89
DJP Omega Ratio Rank: 87
DJP Calmar Ratio Rank: 93
DJP Martin Ratio Rank: 86

PIT

PIT Risk / Return Rank: 96
PIT Sharpe Ratio Rank: 96
PIT Sortino Ratio Rank: 96
PIT Omega Ratio Rank: 95
PIT Calmar Ratio Rank: 97
PIT Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DJP vs. PIT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iPath Bloomberg Commodity Index Total Return ETN (DJP) and VanEck Commodity Strategy ETF (PIT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DJP	PIT	Difference
Sharpe ratio Return per unit of total volatility	1.89	2.59	-0.70
Sortino ratio Return per unit of downside risk	2.46	3.18	-0.71
Omega ratio Gain probability vs. loss probability	1.35	1.46	-0.12
Calmar ratio Return relative to maximum drawdown	3.53	4.85	-1.33
Martin ratio Return relative to average drawdown	9.67	17.48	-7.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DJP vs. PIT - Sharpe Ratio Comparison

The current DJP Sharpe Ratio is 1.89, which is comparable to the PIT Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of DJP and PIT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DJP	PIT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	2.59	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	1.10	-1.10

Correlation

The correlation between DJP and PIT is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DJP vs. PIT - Dividend Comparison

DJP has not paid dividends to shareholders, while PIT's dividend yield for the trailing twelve months is around 6.51%.

	TTM	2025	2024	2023
DJP iPath Bloomberg Commodity Index Total Return ETN	0.00%	0.00%	0.00%	0.00%
PIT VanEck Commodity Strategy ETF	6.51%	8.92%	3.59%	6.44%

Drawdowns

DJP vs. PIT - Drawdown Comparison

The maximum DJP drawdown since its inception was -78.35%, which is greater than PIT's maximum drawdown of -12.27%. Use the drawdown chart below to compare losses from any high point for DJP and PIT.

Drawdown Indicators

	DJP	PIT	Difference
Max Drawdown Largest peak-to-trough decline	-78.35%	-12.27%	-66.08%
Max Drawdown (1Y) Largest decline over 1 year	-10.64%	-11.66%	+1.02%
Max Drawdown (5Y) Largest decline over 5 years	-28.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-38.36%	—	—
Current Drawdown Current decline from peak	-34.17%	-0.55%	-33.62%
Average Drawdown Average peak-to-trough decline	-51.02%	-4.06%	-46.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.88%	3.24%	+0.64%

Volatility

DJP vs. PIT - Volatility Comparison

The current volatility for iPath Bloomberg Commodity Index Total Return ETN (DJP) is 8.13%, while VanEck Commodity Strategy ETF (PIT) has a volatility of 10.09%. This indicates that DJP experiences smaller price fluctuations and is considered to be less risky than PIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DJP	PIT	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.13%	10.09%	-1.96%
Volatility (6M) Calculated over the trailing 6-month period	15.22%	17.34%	-2.12%
Volatility (1Y) Calculated over the trailing 1-year period	19.33%	21.28%	-1.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.78%	17.04%	+1.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.00%	17.04%	-0.04%